Carl Icahn Takes 8.5% Stake in Hertz

Activist Investor May Seek Board Representation

Activist investor Carl Icahn on Wednesday disclosed an 8.5% stake in Hertz Global Holdings Inc. and said he may seek board representation.

Mr. Icahn said in a regulatory filing he acquired the shares based on his belief that they were undervalued. He said he intends to seek to discuss his lack of confidence in current management as well as the...